28 February 2005
28 February 2005
Interplastic Corporation, AOC, Reichhold and Ashland have made resin price increases which will take effect in March and April.
Interplastic Corporation’s thermoset resins division are raising the prices of Corezyn and Silmar brand products. Vinyl ester, polyester, specialty resins, gel coats, colorants, and putties will be increased $0.04 per pound. The increase will apply to shipments on or after March 19, 2005.
AOC will increase prices by US $0.04 per pound on all resin and gel coat products sold in the United States and Canada shipped on or after March 15, 2005. This is in addition to the increase effective January 1, 2005.
Ashland Composite Polymers is increasing the price of its epoxy vinyl ester resins (Derakane, Derakane Momentum and Hetron Products) sold in Europe, the Middle East and Africa by 150 euros per metric ton. This price increase will be effective April 1, 2005, and it is driven by a continuing and relentless escalation of raw material and energy costs.
Reichhold have increased prices by $ 0.04 per pound on all unsaturated polyester resins sold in the United States and Canada, effective for orders shipped on or after March 21.
“Key unsaturated polyester raw materials continue to increase following the rapid and dramatic changes we saw in 2004,” said Bill Schramm, North American business director for Reichhold’s composites business.
“The industry supply of maleic anhydride remains tight due to a recent shutdown of one supplier,” he explained. “Furthermore, benzene prices have continued to escalate, with a direct effect on the price of styrene, a key unsaturated polyester raw material. “In addition to our raw material costs, continued high costs for natural gas are driving producers’ manufacturing costs up.”
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SABIC announced at JEC World 2019 a new, cutting-edge technology for producing lightweight, cost-effective and recyclable vehicle panels using its UDMAX tape, a unidirectional, fibre-reinforced thermoplastic composite.